The records of Paramount Color Engraving reveal the following: Compute cash flows from operating activities by the
Question:
Compute cash flows from operating activities by the indirect method for year ended
December 31, 2016.
Transcribed Image Text:
$40,000 Depreciation expense Net income Sales revenue Loss on sale of land Acquisition of land $11,000 24,000 5,000 Decrease in current liabilities 47,000 5,000 39,000 Increase in current assets other than cash
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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